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AfriTin Mining secures £3.8mln loan facility for Namibia mine

AfriTin Mining Ltd (LON:ATM) chief executive Anthony Viljoen sat down with Proactive's Andrew Scott at Mines & Money London 2019 to explain how it will use a £3.8mln convertible loan from tin trader AfriMet Resources and major shareholder The Orange Trust.

The miner, which operates tin assets in Namibia, will use the funds primarily to ramp up production at the Uis mine, expected to rise to 60 tonnes per month in 2020. 
 

Quick facts: AfriTin Mining Ltd

Price: 2.6 GBX

AIM:ATM
Market: AIM
Market Cap: £16.98 m
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AfriTin's Uis tin mine in Namibia 'back on track and ramping up again'

Mining Capital's Alastair Ford says mining operations at AfriTin Mining Ltd's (LON:ATM) Uis tin mine have now returned to full scale following the easing of coronavirus (COVID-19) lockdown measures in Namibia. He says the lockdown has resulted in delays to planned throughput increases and...

2 weeks, 2 days ago

2 min read